Peru: Mattress Market 2024

Mattress Market Size in Peru

The Peruvian mattress market dropped slightly to $X in 2022, with a decrease of -4.6% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.1% against 2020 indices. Mattress consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Mattress Production in Peru

In value terms, mattress production fell to $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 65% against the previous year. Mattress production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Mattress Exports

Exports from Peru

In 2022, the amount of mattresses exported from Peru soared to X units, with an increase of 18% on 2021. Overall, exports posted a prominent expansion. The pace of growth was the most pronounced in 2016 when exports increased by 96%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, mattress exports fell modestly to $X in 2022. Over the period under review, exports showed resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 106%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for mattress exports from Peru, accounting for a 82% share of total exports. Moreover, mattress exports to Chile exceeded the volume sent to the second major destination, Bolivia (X units), ninefold. Ecuador (X units) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume to Chile totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+28.7% per year) and Ecuador (+23.6% per year).

In value terms, Chile ($X) remains the key foreign market for mattresses exports from Peru, comprising 82% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 6.2% share of total exports. It was followed by Ecuador, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value to Chile stood at +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+32.6% per year) and Ecuador (+25.9% per year).

Export Prices by Country

The average mattress export price stood at $X per unit in 2022, falling by -16.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 28%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Mattress Imports

Imports into Peru

Mattress imports into Peru declined significantly to X units in 2022, waning by -18.1% on the year before. Over the period under review, imports recorded a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, mattress imports shrank markedly to $X in 2022. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest mattress supplier to Peru, with a 73% share of total imports. Moreover, mattress imports from China exceeded the figures recorded by the second-largest supplier, Chile (X units), more than tenfold. The third position in this ranking was taken by Denmark (X units), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-19.3% per year) and Denmark (+12.2% per year).

In value terms, Chile ($X), China ($X) and Denmark ($X) appeared to be the largest mattress suppliers to Peru, with a combined 59% share of total imports. The United States, Malaysia, South Korea, France, Ecuador and India lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, South Korea, with a CAGR of +22.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, declining by -1.9% against the previous year. Overall, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 24% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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